Nasdaq 100 Technical: Potential counter trend rebound as 10-year UST yield retreated
Nasdaq 100 recent 10-week of decline may be due for a counter trend rebound as rising 10-year US Treasury yield stages a retreat
Source: marketpulse.com
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Nasdaq 100 Technical: Slipped Back Below 50-Day Moving Average as Fed FOMC Looms
The price actions of the US Nas 100 Index (a proxy for the Nasdaq 100 futures) have whipsawed in the past four weeks, it cleared above the 15,135 short-term resistance (also the 20-day moving average) as highlighted in our previous report but the bulls failed to make any headway above the 15,460/15,540 medium-term resistance and staged a weekly close below its 50-day moving average on last Friday, 15 September.
Source: actionforex.com
Nasdaq 100 Technical: Slipped back below 50-day moving average as Fed FOMC looms
Nasdaq 100 bulls are getting lethargic as price actions slipped back below 50-day moving average ahead of Fed FOMC
Source: marketpulse.com
